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licensed by the state and paying taxes to it. this, all while the federal government still views possessing and certainly growing, selling, and distributing marijuana as serious felonies. how's that going to work is the big question that hangs over whatever celebrations the citizens of washington might engage in tomorrow. on a side note, tomorrow is also the first day that same-sex couples will be able to get marriage licenses in washington. then on sunday, they will actually be able to tie the knot. that was another huge stage washington state voters approved in the last election. if you are betting on how this country will evolve in the next few decades in terms of politics and policy, two safe bets. marriage equality and marijuana. both of those policies go into effect tomorrow in washington. the truly fascinating thing here is that starting tomorrow, we will see an abstract debate, an abstract policy discussion that we've had for many years. should pot be legal? how might it change society? how might it improve it? we'll see
licensed by the state and paying taxes to it. this, all while the federal government still views possessing and certainly growing, selling, and distributing marijuana as serious felonies. how's that going to work is the big question that hangs over whatever celebrations the citizens of washington might engage in tomorrow. on a side note, tomorrow is also the first day that same-sex couples will be able to get marriage licenses in washington. then on sunday, they will actually be able to tie the...
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remember, the president, two years ago, extended all of the tax cuts, including the tax cuts for top earners, on the grounds that the economy was so weak, it couldn't take the blow and the withdrawal in effect of money from the economy by doing that. so to some degree, the administration itself is evolving with changing economic circumstances. at some point, when you get in a recovery, and the administration's making the case and job numbers tell us we are recovering and other economic data do, too, you say some of the things we enacted as emergency measure during the great recession are going to either be taken away or tapered down. and that's part of the logic of including some cuts or some reduction in the extension of unemployment, food stamps and other things. >> but okay, we're going to talk about the reality of being poor in america and the next couple of block. the notion that you can start kicking people off food stamp rolls because we're in a recovery. if you look at how much money people are make, the stats, economic impact of giving a person a dollar in food stamps equals
remember, the president, two years ago, extended all of the tax cuts, including the tax cuts for top earners, on the grounds that the economy was so weak, it couldn't take the blow and the withdrawal in effect of money from the economy by doing that. so to some degree, the administration itself is evolving with changing economic circumstances. at some point, when you get in a recovery, and the administration's making the case and job numbers tell us we are recovering and other economic data do,...
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to a higher tax rate. i think they would be fine getting rid of some of the loopholes, but if this goes to where it's just higher tax rates on the rich and very little spending cuts, they little reform, i think there will be huge outrage. >> how about a sizable adjustment in entitlements, a big -- billions of dollars in cuts in regular spending, appropriations spending, and a reduction in the rich person's tax rate, a rise to 37% or 38%, would that sell with the right or not? >> i think there's a chance if they would see real reform, real cuts, more than what the president was saying, 2.5 times of cuts for every tax increase, but what they don't want are tax increases now and future cuts. that's not going to work. >> okay. thank you. just want to know what the rules were in the sane world and the insane world. i think it's going to be more like one to one and i think it's going to be something like i mentioned. let me go back to you, bob. i don't know what it looks like to you. just the other day, you don'
to a higher tax rate. i think they would be fine getting rid of some of the loopholes, but if this goes to where it's just higher tax rates on the rich and very little spending cuts, they little reform, i think there will be huge outrage. >> how about a sizable adjustment in entitlements, a big -- billions of dollars in cuts in regular spending, appropriations spending, and a reduction in the rich person's tax rate, a rise to 37% or 38%, would that sell with the right or not? >> i...
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tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about entitlements. when you say entitlement cuts are on the table, what does that mean and how far are you willing to go? >> well, when i say everything needs to be on the table, ed, i want everybody to put their cards on the table and tell me what they want to do. i want not only to see that myself, i want to see what others want to do, including my republican colleagues, in terms of entitlements. now, there are some things we are absolutely not going to do, as you well know. made it very clear during the election, we're not going to voucherize medicare. we're not going to privatize security. we believe very stron
tonight's question, will radical republicans ever agree to a tax hike deal? text "a" for yes and text "b" for no to 622639. you can always go to our blog and leave a comment. we'll bring you the results later on in the show. >>> joining me tonight, congressman steny hoyer of maryland, the house democratic whip. congressman, good to have you with us tonight. appreciate it. >> always good to be with you, ed. thanks. >> got some folks nervous talking about...
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taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's compared to 32% who say tax cuts should continue for everyone. >> well, hillary clinton says she insists that she wants to get out of politics. but a new poll shows that the majority of americans are hoping she has a change of heart. the latest abc news/"washington post" poll shows 50% of americans would vote for hillary clinton in 2016. 37% would oppose such a campaign. hillary clinton also has a strong bid of support in her home state of new york where 54% of voters say she would make a great runner. but new yorkers are not so enthusiastic about the current governor jumping into the race. 39% suppo
taxes. >> now the revenues we're putting on the table are going to come from guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> and new polling by the associated press could strengthen the president's hand in negotiations. 48% of americans say they support the idea of raising taxes on the highest earners. that's...
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they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the american people will make them pay the price. i really don't understand their strategy. >> margie, if you look at the fact that in the 2011 debt ceiling battle senator mitch mcconnell had this to say. he said, i think some of our members may have thought the default issue was a hostage. you might take a chance at shooting. most of us didn't think that. what we did learn is this. it's a hostage that's worth ransoming. and it focuses the congress on something that must be done. now, if this was their thought and attitude in 2011, do you think that's what we're dealing with, that kind of feeling, attitude of holding the hostage for ransom now? >> i hope not. it's bad for --
they are in favor of tax cuts for the rich. they want to cut tax care programs and medicare and make seniors pay and threaten the economy of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the american people will make them pay the price. i really don't understand their strategy. >> margie, if you look at the fact that in...
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his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton was president. >> the clinton tax rates worked well, and when you look at where we really are today, although the democrats are playing really tough on these top tax rates, they have conceded about 75% of the tax debate to republicans by agreeing with them on all of the other rates. >> that is true, aalthough there is a matter of timing. you know, i think part of what you have to look at here is it's really hrepublicans who force this conversation about having deficit reduction right now. we shouldn't hav
his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton...
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labor higher than we tax capitol. the republicans believe it does, they believe the higher you tax something the more you are discouraging it. there is bill crystal asking why do we want to tax labor more than capitol? that is the question. >> it is interesting. you are are seeing rank and file members of the party. you are starting to see the troops fall away. what would happen if for instance the senate bill were to be voted on in the house? >> they want to do it. and it would pass. we would have to get into these other questions. >> polls favoring the president in his approach and the outcome that he wants. and the polls i don't think that rush are limbaugh is reading those polls. >> there is no way to come to an agreement. the only thing that can happen is for one side to cave in. this is being realistic. there is no common ground here. there is no bipartisanship to be had. it ain't going to happen. there is no compromise. none. there is only concession. and that is what will happen. when rush doesn't want to soun
labor higher than we tax capitol. the republicans believe it does, they believe the higher you tax something the more you are discouraging it. there is bill crystal asking why do we want to tax labor more than capitol? that is the question. >> it is interesting. you are are seeing rank and file members of the party. you are starting to see the troops fall away. what would happen if for instance the senate bill were to be voted on in the house? >> they want to do it. and it would...
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tax hikes today. i think he's trying to do what he can to deflate the opposition and essentially win this vote on saturday and sort of take this as a sign that he's now free to lead the way he wants to and use the military if necessary to enforce that lead. >> meantime let's talk about syria. the civil war there spilled over to lebanon where at least 17 people were killed in recent clashes. nbc news reported president assad is getting chemical weapons ready to use on his people. of course, they've denied it. where do you put the threat level? >> well, i think the threat level is certainly increasing. you know, we obviously don't have access to those intelligence reports. but you've heard lots of signs of alarm from u.s. officials that there are indications of these chemical weapons are being prepared for use. when you combine that with the signs that maybe assad's forces are in a little bit more danger from the rebels than they were before, you might think that perhaps the regime is becoming desperate
tax hikes today. i think he's trying to do what he can to deflate the opposition and essentially win this vote on saturday and sort of take this as a sign that he's now free to lead the way he wants to and use the military if necessary to enforce that lead. >> meantime let's talk about syria. the civil war there spilled over to lebanon where at least 17 people were killed in recent clashes. nbc news reported president assad is getting chemical weapons ready to use on his people. of...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i e their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. td
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm...
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and, you know, even in his first term, he talked about real tax reform. and corporate tax reform. and so he wants to find ways in which to keep american businesses here in the country. but also find ways in which we can streamline our tax code. to make small businesses work better. and to grow. and so i -- i am very, very confident that the democrats are very sincere in their thoughts about reforming the tax code next year. >> all right. carrie, i want to play this for everybody. this clip from chuck todd's interview with erskine bowles. >> i don't see why the president would want to negotiate against himself on this. if republicans are going to be willing to reduce entitlements, then he ought to come forward and talk about those that they're willing to support. >> carrie, the president has been willing, publicly willing, at least to say so, to take a hard look at entitlements. isn't it now time for the republicans to offer up the specifics of what they want? the onus is on them? >> that's certainly the position of the white house and democrats on the hill. they say they've been w
and, you know, even in his first term, he talked about real tax reform. and corporate tax reform. and so he wants to find ways in which to keep american businesses here in the country. but also find ways in which we can streamline our tax code. to make small businesses work better. and to grow. and so i -- i am very, very confident that the democrats are very sincere in their thoughts about reforming the tax code next year. >> all right. carrie, i want to play this for everybody. this...
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house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better political ground even for the gop. i figured, i didn't get it. so i figured this was beyond my small political brai
house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more...
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tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is going to gain more political advantage from going off the cliff than the republicans are going to. that's where the polls are showing. that's clearly where there is going. that doesn't mean it's a good idea for the country or economically. the country is are they looking at their own political interests or do they actually want to make sure the economy stays out of recession here. this is a very dangerous game that we're playing with over the next four weeks. >> i want to bring in congressman tom price, a republican from ge
tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is...
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some reduction in tax expenditures. the problem is it's not at all clear to me how the debt limit gets handled. people are forgetting about this other piece. we may have a deal over the fiscal cliff and then run into the debt limit in february. that would be a puriic victory. >> vus not goiit's just not goi happen. tell me, because you know these numbers better than anybody, other than people sitting in the white house that have looked at the very latest, but it seems like 37%. we're starting to hear that more, and both sides may coalesce around that eventually. let's say we change the rates to 35% and 37% and you eliminate deductions, not the home mortgage because we're not going to get that. we're probably not going to get charitable. can you say $1.2 trillion if that's where we compromise and new revenues. >> capital gains, dividends, estate. >> if you're more aggressive. >> about half theway. >> let's say you aggressively go on capital gains, dif evidends >> you start to get close. >> david ig nanatiuignatius, ar to
some reduction in tax expenditures. the problem is it's not at all clear to me how the debt limit gets handled. people are forgetting about this other piece. we may have a deal over the fiscal cliff and then run into the debt limit in february. that would be a puriic victory. >> vus not goiit's just not goi happen. tell me, because you know these numbers better than anybody, other than people sitting in the white house that have looked at the very latest, but it seems like 37%. we're...
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a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax increases next year. >> so, john boehner, the speaker for the republican party in
a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess...
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one is the tax hikes. he's proposed basically to raise taxes on charities and job creators and he thinks that that's where his starting point is with president obama. >> hold on a second. let's be factual. i think what he said was that he was open to $800 billion in revenues but he did not specify the deductions. >> the only way you could get $800 billion in deductions is to go after the charitable deduction and the mortgage deduction. you're going to go after charities. salvation army said yesterday that they have had the biggest crowds coming in that they've ever seen. we're going to go after charities right now? i don't think that's the best place to be. i think what we need to start at is a place where we believe, we think taxes should be cut. that's what reagan did in a recession and guess what? by the end of his term, revenue doubled. we created 20 million jobs and youth unemployment dropped 43%. that's what we should start with. >> you're saying you don't like speaker boehner because he's considerin
one is the tax hikes. he's proposed basically to raise taxes on charities and job creators and he thinks that that's where his starting point is with president obama. >> hold on a second. let's be factual. i think what he said was that he was open to $800 billion in revenues but he did not specify the deductions. >> the only way you could get $800 billion in deductions is to go after the charitable deduction and the mortgage deduction. you're going to go after charities. salvation...
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it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there's no easy way out of this debt problem. >> not a single economist who talked to us in our hearings said we can't grow our way out of this thing if we had double digit growth for 20 years, you can't cut spending out of this. and you can't tax your way out of this baby. this is impossible. >> earlier today i spoke to the other co-author of the simpson-bowles plan, former white house chief of staffer,
it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise...
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he voted for reduced rates on capital gains taxes. he voted to keep subsidies for oil and gas companies. that's a big one. but the best part of louie gohmert's crusade to protect the word "lunatic" is this -- >> this administration sent planes and bombs and support to oust gadhafi so that al qaeda and the muslim brotherhood could take over libya. i don't want to make you sick, but i brought an abortion to show you today. and i would just like to conclude with words of my friend, dick morris, who said, i know there's a disagreement on when life begins in america, but for heaven's sake, we ought to agree that life ends when you die. >> now we know why congressman louie gohmert of texas feels so passionately about protecting the word "lunatic." >>> coming up, one of the world's biggest companies is coming back to america. they're not worried about profits. they're worried about the american workforce. we'll explain why, next. [ male announcer ] now's the perfect time to buy an adjustable version of the most highly recommended bed in amer
he voted for reduced rates on capital gains taxes. he voted to keep subsidies for oil and gas companies. that's a big one. but the best part of louie gohmert's crusade to protect the word "lunatic" is this -- >> this administration sent planes and bombs and support to oust gadhafi so that al qaeda and the muslim brotherhood could take over libya. i don't want to make you sick, but i brought an abortion to show you today. and i would just like to conclude with words of my friend,...
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taxes go up for everybody. there's automatic spending cuts across every sector of government spending. even ones that are critical for infrastructure in our economy. so that's why there's such interest in averting this fiscal cliff. and i think that we can do that by simply taking up the senate bill. we continue the middle class tax cuts. >> before i let you go, starting today, same-sex couples in washington were able to marry for the first time because the state's same-sex marriage law took effect on friday. the supreme court announcing on friday, the same-sex law took effect at midnight. the supreme court announcing friday it's going to wade into the same-sex marriage debate. as a politician who is openly gay, are we on the cusp of a tectonic shift of sourts with regards to marriage equality in this country? >> i sure hope so, those of us who strongly support equality are looking to the court to do something. like the loving case that allowed for interracial marriage. like brown versus board of education. it'
taxes go up for everybody. there's automatic spending cuts across every sector of government spending. even ones that are critical for infrastructure in our economy. so that's why there's such interest in averting this fiscal cliff. and i think that we can do that by simply taking up the senate bill. we continue the middle class tax cuts. >> before i let you go, starting today, same-sex couples in washington were able to marry for the first time because the state's same-sex marriage law...
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tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in meetings and there was acknowledgement by both sides and that's why you had a letter of 40 republicans and 16 democrats that had revenue and entitlement reform in the letter six months ago. i think it's there. >> dave, let me ask you, quickly, let's say there's a deal. is it possible for a political win to come out of a deal for republicans? >> listen if we get to the successful conclusion that's moving things forward the country wants this resolved, right? being able to get to that resolution as a reflection then that you successfully governed
tax cut extension on the 98%. is there enough there that you think, before december 31st we get there? i know with the caveat we're all trying to read the tea leaves, from your experience what does it tell us. >> i think the political will is there. you see somebody like coburn, who has been working for over a year with people like heath shuler, democrat from north carolina and mike simpson, you know, put together a letter -- >> of idaho. >> right. not a moderate. we sat in...
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tax the rich. tax the rich. we tax the rich. everything will be fine. if we don't tax the ruch, locusts will descend from the heavens. that's all they do. that's all they've been doing for ten years. after 9/11 we should have had sacrific sacrifice, but bush cut taxes on the rich. everything is about bush tax cuts. >> my favorite montage that we put together one time was during both the '04 presidential democratic primaries and the '08 democratic primaries, every single presidential candidate, at one point, from hillary clinton to barack obama, from john kerry to john edwards, all of them, they all played for their plan with this simple phrase, "rolling back the bush tax cuts." they've been doing it for eight years. so politically, that's why the president has to draw that line in the sand. >> he draws that line in the sand, but harold ford, what happens when republicans, at least a small number of them, go ahead and raise taxes on the top 2% and then turn to the white house and say, okay. now we'll move. and then they have to talk about how they're goi
tax the rich. tax the rich. we tax the rich. everything will be fine. if we don't tax the ruch, locusts will descend from the heavens. that's all they do. that's all they've been doing for ten years. after 9/11 we should have had sacrific sacrifice, but bush cut taxes on the rich. everything is about bush tax cuts. >> my favorite montage that we put together one time was during both the '04 presidential democratic primaries and the '08 democratic primaries, every single presidential...